From: "strawberry" <1@2.com>
Newsgroups: uk.finance
Subject: Re: isa newbie
Date: Sat, 17 Sep 2005 14:03:40 GMT


"Rob graham"  wrote in message
news:dgh6db$jbo$1@nwrdmz01.dmz.ncs.ea.ibs-infra.bt.com...
>
> "strawberry" <1@2.com> wrote in message
> news:zQTWe.5861$6p.5295@newsfe4-gui.ntli.net...
> >i have last years cash isa with alliance and Leicester, who were paying
> > around 5.5% interest. will this rate carry on for the duration of the
isa?
> > .
>
> Not unless you have a fixed rate - which I doubt. Most cash ISAs are
> variable rate and will fluctuate according to the whim of the provider.
>
> > also whats the best thing to do with this years isa? i notice none of
the
> > rates will match 5.5%.
>
> Rates have gone down from last year. The best thing to do is to go to
> somewhere like http://www.moneyfacts.co.uk/ and look for a rate and a
> provider with terms that suit you and put this year's ISA in there, if you
> want a cash ISA.
>
> You may even decide to move last year's ISA to a new provider. Don't
encash
> the old ISA and then try to reinvest it elsewhere. Tell the new provider
> what you want to do and they'll give you a form to instruct the old
provider
> to send the money to them. Otherwise you'll end up losing last year's ISA
> allowance.
>
> Rob Graham
>
>

cheers Rob, is there an easy way to find out what my interest rate is ? i
had on online one with alliance and Leicester, so will the interest rate be
the same as this years equilivent?